Macerich, which owns the Queens Center mall, will be in an interesting position to try and revive the property, which opened a few years ago, but never has performed that well. Macerich will now be able to offer an interesting proposition to retailers through its ownership of two of the most high-profile properties in the borough. It also cements the fact that Macerich, once solely a West Coast firm, is building a high profile on the East Coast.